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Catmony
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August 16, 2017, 06:37:43 PM |
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Maybe because after the ICO they can enjoy the house's profit alone, without the need to share it with (maybe) hundreds of investors. They have more autonomy to use the bankroll's money as they want, because there isn't risk of investors cashing out lots of BTC anytime, compromising their bankroll size. Makes the casino self-sustainable, independent.
This is not true for every casino that will come up with ICO, it depends on how they gonna share their profit some buy back tokens back with whatever profit they will make and burn them while some just share profit to all token holders. They can't just keep all their profits like you have claimed above. But yes distributing tokens from ICO makes it quite easier for casino to secure bankroll in cold wallet and provide maximum security for investors. |
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lite
Legendary
 Offline
Activity: 1400
Merit: 1009
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August 16, 2017, 06:55:20 PM
Last edit: August 16, 2017, 07:19:30 PM by lite |
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I have no idea why they opt to get investors through an ICO instead of just opining their website to investors, like Crypto-Games does, for example.
Seems like an ICO is a good way to get a lot of bankroll with minimal investment on the owners part, which makes it a lot riskier.
I'd personally stick with just investing in proven casino's, much safer imo.
Maybe because after the ICO they can enjoy the house's profit alone, without the need to share it with (maybe) hundreds of investors. They have more autonomy to use the bankroll's money as they want, because there isn't risk of investors cashing out lots of BTC anytime, compromising their bankroll size. Makes the casino self-sustainable, independent. That's what a shady ico/casino owner will do. if you invest in legit ico, where the owner has years of experience in gambling area and has previously/currently were/are running a successful casino, they would share the profits with investors. shouldn't one invest in such ico? |
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serjent05
Legendary
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Activity: 2842
Merit: 1255
Cashback 15%
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August 16, 2017, 06:57:30 PM |
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Seems casinos have found a new way to fulfil their bankrolls. Instead of asking for investors money and sharing profit during all the time, they open ICOs, ask for initial money, sell the tokens and buy it later, it's an one time profit chance for investors...
Are all casinos going throught this path or will some of them continue using the good and old method of allowing investments and sharing profit with investors?
I do not think that Casino investors will becom worthless someday, even with this ICO, the participants are considered investors of the casino since some ICO pay dividends to the holder of the token. I think this is more beneficial to the casino token holder (investors) since they have token to play with in trading plus they have dividends when share is about to be distributed to the holders of the coin. This is just another way of investing to a casino bankroll. |
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mrcash02 (OP)
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August 16, 2017, 07:27:04 PM |
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I have no idea why they opt to get investors through an ICO instead of just opining their website to investors, like Crypto-Games does, for example.
Seems like an ICO is a good way to get a lot of bankroll with minimal investment on the owners part, which makes it a lot riskier.
I'd personally stick with just investing in proven casino's, much safer imo.
Maybe because after the ICO they can enjoy the house's profit alone, without the need to share it with (maybe) hundreds of investors. They have more autonomy to use the bankroll's money as they want, because there isn't risk of investors cashing out lots of BTC anytime, compromising their bankroll size. Makes the casino self-sustainable, independent. That's what a shady ico/casino owner will do. if you invest in legit ico, where the owner has years of experience in gambling area and has previously/currently were/are running a successful casino, they would share the profits with investors. shouldn't one invest in such ico? The ICO is more like an one time profit opportunity. After you resell the tokens you have bought, your "partnership" with that casino is over. They won't scam you, but they won't have a relation with you as investor for a long time... They will adquire their independence after the ICO is over, the house start profiting and the tokens are bought back. I don't know if it would be a shady decision, they have the right to choose how to run their business anyway... But surely a more integrated casino with the community would share their profits using the another bankroll investment system. |
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yoseph
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August 16, 2017, 08:49:54 PM |
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Seems casinos have found a new way to fulfil their bankrolls. Instead of asking for investors money and sharing profit during all the time, they open ICOs, ask for initial money, sell the tokens and buy it later, it's an one time profit chance for investors...
Are all casinos going throught this path or will some of them continue using the good and old method of allowing investments and sharing profit with investors?
As long as there are gamblers in the world, there going to be casino's and they will need funds to operate. That means there are going to be a lot of investors who will enter into the business because when it comes to gambling, the house never loses. |
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Zicadis
Legendary
Offline
Activity: 1386
Merit: 1027
Dump it!!!
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August 16, 2017, 10:09:07 PM |
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Seems casinos have found a new way to fulfil their bankrolls. Instead of asking for investors money and sharing profit during all the time, they open ICOs, ask for initial money, sell the tokens and buy it later, it's an one time profit chance for investors... Its not yet known if they will no longer accept external financing(investment) after their respective token sales but one thing is certain, running a gambling business is profitable and will make any future winning payments easy to make regardless of the amount. Are all casinos going throught this path or will some of them continue using the good and old method of allowing investments and sharing profit with investors?
Other casinos might follow suit depending on how successful current ICO's goes and if they will mange to run the business profitably after crowdsale too...we should see more get on board |
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molsewid
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August 16, 2017, 11:38:13 PM |
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I think no casino who are accepting investors who wanting to invest to their company will not become worthless someday because casino neeeds investors how about if the casino lose for just 1 night and don't know where to get money from it investors just get 3-5% of their profit not that big so it wont become any problem someday.
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MinerHQ
Legendary
Offline
Activity: 1456
Merit: 1023
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August 17, 2017, 01:58:23 AM |
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Seems casinos have found a new way to fulfil their bankrolls. Instead of asking for investors money and sharing profit during all the time, they open ICOs, ask for initial money, sell the tokens and buy it later, it's an one time profit chance for investors...
Are all casinos going throught this path or will some of them continue using the good and old method of allowing investments and sharing profit with investors?
As long as there are gamblers in the world, there going to be casino's and they will need funds to operate. That means there are going to be a lot of investors who will enter into the business because when it comes to gambling, the house never loses. OP is talking about casino investors losses, not house losses. He is worried about investors may not be able to grow their funds along with casino profits because in ICOs concept. But I feel that if those tokens listed on any other exchanges then based on casino profit, its token prices also should grow and some of the casinos are decided to give dividends to their investors on a regular basis. I feel it is still worth to invest in casinos ICOs. |
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gabmen
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August 18, 2017, 07:41:14 PM |
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I've notived that as well and it seems to be becoming a trend nowadays for newer casinos. It probably will get a lot of following seeing how successful and cost efficient it is for casino developers to use icos.
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The_prodigy
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August 22, 2017, 09:04:52 AM |
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Seems casinos have found a new way to fulfil their bankrolls. Instead of asking for investors money and sharing profit during all the time, they open ICOs, ask for initial money, sell the tokens and buy it later, it's an one time profit chance for investors...
Are all casinos going throught this path or will some of them continue using the good and old method of allowing investments and sharing profit with investors?
I think that with casino's innovating it does not neccessarily mean that the investors would lose or would be worthless in the log run. I think that it opens up new opprotunities to expand and more investors to come in and invorporate new technologies in the system. |
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GG_monster
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August 22, 2017, 11:43:29 AM |
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I think that the casinos will offer investors to invest their money to make a profit. This is an interesting and rather profitable business that does not disappear as well as bad habits.
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machinek20
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August 22, 2017, 12:13:01 PM |
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If the casino offered an investment, then they can increase their bankroll and the gambler can bet higher, and the casino will have a stronger finance situation, the gambler like to know when they win, the casino able to give them the money they won or not, so the casino also got advantage by allowing the investor to invest
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chris200x9
Legendary
Offline
Activity: 1316
Merit: 1011
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August 22, 2017, 12:14:01 PM |
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Seems casinos have found a new way to fulfil their bankrolls. Instead of asking for investors money and sharing profit during all the time, they open ICOs, ask for initial money, sell the tokens and buy it later, it's an one time profit chance for investors...
Are all casinos going throught this path or will some of them continue using the good and old method of allowing investments and sharing profit with investors?
As long as there are gamblers in the world, there going to be casino's and they will need funds to operate. That means there are going to be a lot of investors who will enter into the business because when it comes to gambling, the house never loses. OP is talking about casino investors losses, not house losses. He is worried about investors may not be able to grow their funds along with casino profits because in ICOs concept. But I feel that if those tokens listed on any other exchanges then based on casino profit, its token prices also should grow and some of the casinos are decided to give dividends to their investors on a regular basis. I feel it is still worth to invest in casinos ICOs. But how we can put trust on new casinos. ICO method is good, but it is only profit for creators the investor's money is always at risk. Suppose the tokens do not grow means what investors will do how they will get back their investment. Now we have an option like if the casinos started to give negative profit, we could withdraw our investment at any time. I never invested in any casino, and I don't like to take a risk with my money. |
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BitcoinSupremo
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August 22, 2017, 12:21:26 PM |
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Very few casinos have done so by creating their own ICO. However the first thing I do when I notice such casino, is to never play there, for me they are not very trustworthy. I like sticking with well known companies which don't need ICO-s. Investors will never become worthless, it is not a problem for a casino to pay them the low interest they pay for their investments.
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janedt
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August 22, 2017, 12:31:49 PM |
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Seems casinos have found a new way to fulfil their bankrolls. Instead of asking for investors money and sharing profit during all the time, they open ICOs, ask for initial money, sell the tokens and buy it later, it's an one time profit chance for investors...
Are all casinos going throught this path or will some of them continue using the good and old method of allowing investments and sharing profit with investors?
I don't think so. Casinos that already success and have many active players will more focus on their live support and up to date their games than open an ICO. On the other hand, some casino who don't have many players will find a way to earn more income like open an ICO to get investor and fresh money and use it for upgrade and promote their casino more. |
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ethereumhunter
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August 22, 2017, 03:27:50 PM |
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I think that the casinos will offer investors to invest their money to make a profit. This is an interesting and rather profitable business that does not disappear as well as bad habits.
for big investors they really want to make profit in many aspects, especially in gambling games because they know that investing in gambling site will bring them big profit for a long term and they will invest with big amount. beside that, they only waiting for some period time to enjoy their profit while they can trying to playing gambling in that site too. |
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marlboroza
Legendary
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Activity: 1932
Merit: 2270
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August 22, 2017, 04:46:24 PM |
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Are all casinos going throught this path or will some of them continue using the good and old method of allowing investments and sharing profit with investors?
Not all casino are going through this and the one who have done this earlier might get maximum profit, all other copy cat projects might not get even minimum threshold because sooner or later investors of those ICO's will know the trick behind all this ICO before starting a working casino. I haven't invested a penny in such ICO's . Well, aren't they going to distribute profits the same way they would with the bankroll? + they are able to move funds more efficiently and invest into marketing which they wouldn't be able to do with bankroll investments It depends on how much tokens they will decide to sell during ICO and what will they do with unsold tokens. Profit share can vary. Example: Someone create 1000 tokens. 700 tokens for sale and owner will hold 300 tokens. All 700 tokens sold - 70% profit share for ICO participants and 30% for owner. 300 tokens sold during ICO and all unsold tokens burned - profit share 50/50(owner has 300 tokens and investors have 300 tokens) 300 tokens sold and owner took unsold tokens - investors have 300 tokens and owner has 700 tokens - 30% profit share for investors. Correct me if I am wrong. |
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Lauren Smith
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August 24, 2017, 07:18:53 PM |
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Dude it doesn't matter if they use ico or tokens. It is still an investment just a different method of doing it. Nothing actually changes. It's the same I'd you share a casino profits or I'd you gain off their tokens. Their tokens are their investment. I think tokens are better since you don't share 50% of the profit.
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